For accountants in public practice who prepare financial statements, SSARS No. 21 represents the most significant changes to the professional literature in decades. SSARS No. 21 draws a bright line between accounting (preparation) and reporting (compilation and review) services.
In this brief educational video, experts involved in the development of SSARS No. 21 discuss the reasons why the pre-SSARS No. 21 professional literature required revision and clarification.
Read the CPEA Reports
- SSARS No. 21: Key Changes to Compilation Engagements
In this report, we highlight some key changes to the compilation professional literature made by SSARS No. 21. The new compilation guidance is contained in AR-C section 80, Compilation Engagements.
- SSARS No. 21: Key Changes to Review Engagements
In this report, we highlight changes to the professional literature related to review engagements made by SSARS No. 21. The new review engagement guidance is contained in AR-C section 90, Review Engagements.